SEC Form 4 · accession 0001615774-18-013381
usell.com, Inc. · USEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Brauser
Director
Period of report
Nov 26, 2018
Accepted (ET)
Nov 28, 2018 · 6:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001271075
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 26, 2018 | X | 60,000 | — | A | 717,900 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3 | — | Nov 26, 2018 | X | 60,000 | D | — | — | Common Stock | 60,000 | 0 | D |
Explanation of responses
- F1Not applicable.
- F2Restricted stock units convert into common stock on a one-for-one basis.
- F3The restricted stock units were granted to the Reporting Person on January 6, 2016. The vested restricted stock units were modified by accelerating the delivery of the underlying common stock which was delivered on the Transaction Date.